LiteCoin is no longer an alt-coin, and therefore deserves a topic for itself.

On April 5th, Brian Armstrong, CEO of CoinBase announced that CoinBase will begin buying and selling LiteCoin for fiat currency. This move was not unexpected, since LiteCoin has been trading on GDAX for several weeks.

Saying that you missed the boat on LiteCoin at $10 could very well be like saying you missed the boat on Bitcoin at $200. In my own case I bought Ethereum at 31.5 cents per token, and at $15.54 per token. Both were decent entry points.

If I get stopped out of LiteCoin, I can always re-enter at a later time. Stops are an important tool if your entry point was wrong.

Some businesses (probably most) believe that a cryptocurrency isn't credible unless it is listed on Coin Base. Therefore, CoinBase adding LiteCoin is a huge vote of confidence.

Bitcoin has problems. It is questionable if it can be both a store of value, and a payment-processing currency. My preference is to see it as a store of value.

LiteCoin has much greater liquidity than Bitcoin, plus it has SegWit and LN pending. Therefore, LiteCoin should function very well as a currency. No latency issues like Bitcoin.

The payment processors in Japan (and elsewhere) will, at some point, be dealing with Coin Base. Coin Base will be able to offer Lite Coin as an alternative. I believe that CoinBase's adoption puts LiteCoin in a very unique position to become successful.

Long John wrote:I do not see LiteCoin as an option to buy in Coinbase. Still BTC and ETH.

Never mind. I see that they WILL add it.

You can't buy it yet on CoinBase, but you can buy it on GDAX. Just transfer your funds from CoinBase. The fees on GDAX are really low if you are a maker/taker. Buy the market and you will be charged a fee.

Correction: LiteCoin DOES NOT yet have SegWit. The pool is about 69-70%. The pool must be at 75% for 14 days, and then SegWit will activate.

Long John wrote:I do not see LiteCoin as an option to buy in Coinbase. Still BTC and ETH.

Never mind. I see that they WILL add it.

You can't buy it yet on CoinBase, but you can buy it on GDAX. Just transfer your funds from CoinBase. The fees on GDAX are really low if you are a maker/taker. Buy the market and you will be charged a fee.

Correction: LiteCoin DOES NOT yet have SegWit. The pool is about 69-70%. The pool must be at 75% for 14 days, and then SegWit will activate.

Hmm, what's holding back the miners? And what are the chances that Segwit doesn't get implemented on Litecoin?

"Two things define you. Your patience when you have nothing, and your attitude when you have everything."

Altima wrote:Hmm, what's holding back the miners? And what are the chances that Segwit doesn't get implemented on Litecoin?

My opinion is meaningless about the chances of implementation.

This is one miner's thoughts about activation. When he talks about his "customers", I believe he is referring to the miners that are connected to his mining pool. He is opposed to SegWit, but will activate per customer wishes.

Altima wrote:Hmm, what's holding back the miners? And what are the chances that Segwit doesn't get implemented on Litecoin?

My opinion is meaningless about the chances of implementation.

This is one miner's thoughts about activation. When he talks about his "customers", I believe he is referring to the miners that are connected to his mining pool. He is opposed to SegWit, but will activate per customer wishes.

"Additionally, it's also possible that someone could decide to activate SegWit by buying a lot of litecoins. Since we always mine the most profitable coin, we could find our share of the LTC network at over 5% if LTC wildly soared in value above all other coins. The amount of hashrate currently directed at litecoin is 1/6 or less of our total business. If SegWit gets "stuck" at 70%, it's possible that someone could set buy walls in LTC markets that make LTC so profitable to mine that we rise to 5% of the LTC hashrate and lock SegWit in. Thus, we can't just assume "well, it's only at 72%, we have time until someone else converts."

"One of my hopes is that if SegWit activates on scrypt coins, it will encourage the Core developers to "give up" trying on Bitcoin, given that the 95% threshold there is too high to achieve, and to allow Bitcoin Unlimited to activate first with SegWit coming later, with that effort led by someone other than Gregory Maxwell and the Core leaders. This really is the best solution to the stalemate that satisfies all parties. That way, everyone would have the opportunity to cease the endless talk and see through direct competition which solution actually is better. SegWit is not a solution to blocksize constraints, so it is a good choice for Litecoin but it alone is not acceptable for Bitcoin."

"Two things define you. Your patience when you have nothing, and your attitude when you have everything."

With that being said, not really sure why LTC is being hammered right now. Was about to buy some when i went up above $10 but needed to save the XBT for the crowdsale tomorrow. Really can't tell which direction these coins will move.

"Two things define you. Your patience when you have nothing, and your attitude when you have everything."

With that being said, not really sure why LTC is being hammered right now. Was about to buy some when i went up above $10 but needed to save the XBT for the crowdsale tomorrow. Really can't tell which direction these coins will move.

LTC took quite a hit. I heard the SegWit adoption isn't going to happen but that is not confirmed by any means.